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Colorado Springs,CO 80917
Key Details
Property Type Single Family Home
Sub Type Income Property
Listing Status Active
Purchase Type For Sale
Square Footage 3,668 sqft
Price per Sqft $211
Subdivision Palmer Park
MLS Listing ID 7196138
Bedrooms 10
HOA Y/N false
Abv Grd Liv Area 3,668
Originating Board REcolorado
Year Built 1975
Annual Tax Amount $2,478
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Income Property
Property Description
INVESTMENT OPPORTUNITY YOU DONT WANT TO MISS! Cushman & Wakefield is pleased to present 4995 Picturesque Circle, a 4-unit multifamily property in a high rental demand area near the Powers Blvd corridor in Colorado Springs. The property consists of (2) 2-bed/1-bath units and (2) 3-bed/1-bath units. Each unit offers spacious living and kitchen areas, two of the units feature balconies in the back of the building and individually metered for electric. The property has shared coin laundry, off-street parking, updated windows, and well cared for by current owner. Potential buyers have the operational value add of getting all units up to market rent and continuing light improvements on the property as leases turn.
This location provides residents access to major employers along the N Powers Blvd Corridor, schools, and North Academy Blvd. Its prime location, near shopping amenities, dining & entertainment, provides a solid foundation for attracting and retaining quality long-term tenants. Palmer Park is another nearby resident attraction that is known for hiking, mountain biking, dog walking, and running. The park offers vistas, geological features, and destination-level trails, all readily accessible to outdoor enthusiasts in surrounding neighborhoods and the city. The current rent roll provides consistent and predictable in-place returns, allowing potential buyers an opportunity to acquire a high performing asset.
Location
State CO
County El Paso
Area Out Of Area
Rooms
Other Rooms Outbuildings
Interior
Heating Baseboard
Fireplaces Type 2+ Fireplaces
Fireplace true
Exterior
Garage Spaces 6.0
Roof Type Fiberglass
Building
Story 2
Sewer Other Water/Sewer,Community
Water Other Water/Sewer
Level or Stories Two
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Rudy
Middle Schools Sabin
High Schools Mitchell
School District Colorado Springs 11
Others
Senior Community false
SqFt Source Assessor
Special Listing Condition Private Owner